For Release: July 24, 1998
Altera Appoints Vice President of Europe
High Wycombe, Bucks, U.K., July 24, 1998 -- Altera Corporation (Nasdaq: ALTR) today announced that it has appointed Nigel Toon to the position of vice president of Europe. Nigel has been with Altera for 9 years joining in 1989 as a field applications engineer, since this time he has held various positions including European marketing manager and managing director, Europe. He will now assume the title of vice president and managing director of Europe.
"Nigel has been instrumental in achieving a ten-fold increase in sales for Altera in Europe since 1989. In addition, we have opened our new R&D center this year with the focus on Intellectual Property (IP) and chip development for European customers. This appointment is an endorsement of the increasing importance of Europe to the overall business of Altera," stated Rodney Smith, Altera president and chief executive officer.
In this time, there have been vast changes in technology. In 1989, programmable logic enabled engineers to replace glue logic whereas today, with 250,000 gates it is able to address system-level applications. This was affirmed when Altera was recently quoted as being in the top 10 ASIC suppliers of 1997 (source: Dataquest).
About Altera
Altera Corporation, founded in 1983, is a worldwide leader in high-performance, high-density programmable logic devices and associated computer aided engineering (CAE) logic development tools. Programmable logic devices are semiconductor chips that offer on-site programmability to customers. The chips are programmed using tools that run on personal computers or engineering work stations. User benefits include ease of use, lower risk, and fast time-to-market. The company offers the broadest line of CMOS programmable logic devices that address high-speed, high-density, and low-power applications. Altera products serve a broad range of markets, including telecommunications, data communications, computers, and industrial applications. Altera common stock is traded on the Nasdaq Stock Market under the symbol ALTR. More information on Altera can be obtained on the worldwide web at http://www.altera.com.
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